Canada January new housing price index +3.2% vs +3.3% y/y

Canadian new house price index

• Prior was +3.3% y/y
• m/m index % vs 0.1% expected (0.0% prior)
• Building permits +5.6% vs -1.5% expected
• Prior building permits +4.8% (revised to +2.5%)

Builders aren't too worried about new mortgage rules in Canada.